Manufacturing News

Government on the hunt for a CEO of the National Reconstruction Fund

Manufacturing News

The federal government has begun the hunt for the critical-to-manufacturing position of Chief Executive Officer of the new National Reconstruction Fund.

This is a pivotal position as the government will invest $15 billion through the NRF to boost manufacturing across seven priority sectors.

The seven key priority funding areas are:

· renewables and low emissions technologies
· medical science
· transport
· value-add in the agriculture, forestry and fisheries sectors
· value-add in resources
· defence capability
· enabling capabilities.

Currently ranked 93rd in the Harvard Economic Complexity Index and last in the OECD for manufacturing self-sufficiency, Australia needs the NRF to succeed, according to an announcement.

“Announced by the Minister for Industry and Science Ed Husic in October 2022, and established by the National Reconstruction Fund Corporation Bill, the National Reconstruction Fund Corporation (NRFC) is seeking its inaugural Chief Executive Officer.”

The NRF is an independent financier that operates commercially to deliver a positive rate of return.

It is governed by a board that make independent investment decisions guided by an investment mandate.

Reporting directly to the Board of the NRFC, the Chief Executive Officer will play a pivotal strategic role in defining and implementing the organisational structure, strategy and objectives to successfully deliver on its mandate for the future.

All responses should go to recruiter, Johnson Partners.

Picture: Ed Husic visits the Australian Nuclear Science and Technology Organisation

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